By: Leedom S.B. No. 129 A BILL TO BE ENTITLED AN ACT 1-1 relating to reports required to be adopted by public retirement 1-2 systems and reports to be submitted to the State Pension Review 1-3 Board. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 802.202, Government Code, is amended by 1-6 adding Subsection (d) to read as follows: 1-7 (d) The governing body of a public retirement system shall: 1-8 (1) develop and adopt a written investment policy; 1-9 (2) maintain for public review at its main office a 1-10 copy of the policy; 1-11 (3) file a copy of the policy with the State Pension 1-12 Review Board not later than the 90th day after the date the policy 1-13 is adopted; and 1-14 (4) file a copy of each change to the policy with the 1-15 State Pension Review Board not later than the 90th day after the 1-16 change is adopted. 1-17 SECTION 2. The governing body of a public retirement system 1-18 shall adopt a policy as required by Subsection (d), Section 1-19 802.202, Government Code, as added by this Act, before November 1, 1-20 1993. 1-21 SECTION 3. The importance of this legislation and the 1-22 crowded condition of the calendars in both houses create an 1-23 emergency and an imperative public necessity that the 2-1 constitutional rule requiring bills to be read on three several 2-2 days in each house be suspended, and this rule is hereby suspended, 2-3 and that this Act take effect and be in force from and after its 2-4 passage, and it is so enacted.